Avidian Wealth Enterprises LLC Grows Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Avidian Wealth Enterprises LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 152.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,525 shares of the company’s stock after acquiring an additional 3,337 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $28,000. Pflug Koory LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth $32,000. Finally, PrairieView Partners LLC lifted its holdings in Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after buying an additional 132 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $253.70 on Thursday. The firm has a 50-day moving average of $253.60 and a two-hundred day moving average of $245.79. The stock has a market cap of $71.25 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.